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Fixed Asset Management

Asset Disposal & Retirement

Streamline end-of-life asset management with compliant disposal workflows. Track retirement, sales, donations, and recycling while maintaining complete documentation.

Key Benefits

Compliant Disposal

Follow proper disposal procedures with approval workflows and documentation requirements.

Maximize Recovery

Track sale proceeds, trade-ins, and salvage value to maximize asset recovery.

Environmental Responsibility

Ensure proper recycling and disposal with certified vendor tracking and certificates.

Complete Records

Maintain disposal documentation for audit trails and regulatory compliance.

How It Works

1

Initiate Disposal Request

Create disposal request with reason (sold, scrapped, donated, lost, stolen). Route for approval.

2

Approval Workflow

Route disposal requests through customizable approval chains based on asset value and type.

3

Document Disposal

Record disposal method, date, vendor, proceeds, and attach supporting documentation like sales receipts.

4

Update Financial Records

System automatically calculates gain/loss, updates asset register, and generates journal entries.

1

Initiate Disposal Request

Create disposal request with reason (sold, scrapped, donated, lost, stolen). Route for approval.

2

Approval Workflow

Route disposal requests through customizable approval chains based on asset value and type.

3

Document Disposal

Record disposal method, date, vendor, proceeds, and attach supporting documentation like sales receipts.

4

Update Financial Records

System automatically calculates gain/loss, updates asset register, and generates journal entries.

Features Included

Disposal request workflows
Multi-level approval routing
Disposal method tracking (sold, scrapped, donated, lost, stolen)
Vendor and buyer management
Sale proceeds tracking
Gain/loss calculation
Certificate of destruction
Environmental compliance tracking
Bulk disposal processing
Disposal cost tracking
Automated journal entries
Disposal history reports

Related Use Cases

Asset Tracking

Real-time location and status tracking for all fixed assets

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Depreciation Management

Automated depreciation calculations and reporting

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Compliance & Auditing

Audit trails, compliance reporting, and documentation

Learn more

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